National Rural Utilities Cooperative Finance Corp

National Rural Utilities Cooperative Finance Corp Overview

National Rural Utilities Cooperative Finance Corp is located in Dulles, VA. The organization was established in 1969. According to its NTEE classification (W02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Public & Societal Benefit and related organizations. As of 05/2020, National Rural Utilities Cooperative Finance Corp employed 298 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 05/2020, National Rural Utilities Cooperative Finance Corp generated $1.4b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.2b during the year ending 05/2020. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, National Rural Utilities Cooperative Finance Corp has awarded 328 individual grants totaling $10,803,053. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

BRIDGING THE FINANCIAL NEEDS OF THE RURAL ELECTRIC COOPERATIVE NETWORK WITH GLOBAL CAPITAL MARKETS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LENDING SERVICES:CFC PROVIDES LOANS TO ITS MEMBERS, RURAL ELECTRIC COOPERATIVES AND THEIR RELATED ORGANIZATIONS, AND GENERATES INTEREST INCOME FROM THESE LOANS. TO FUND ITS LENDING SERVICES, CFC RAISES FUNDS IN THE CAPITAL MARKETS OR PRIVATE THIRD PARTY TRANSACTIONS AND PAYS A RATE OF RETURN COMMENSURATE WITH CURRENT ECONOMIC CONDITIONS FOR THE USE OF THOSE FUNDS. THESE RAISED FUNDS PERMIT CFC TO MEET THE BORROWING NEEDS OF ITS MEMBERS SO THEY CAN CONTINUE TO PROVIDE ELECTRIC AND POWER SERVICES TO THE CONSUMERS AND BUSINESSES IN THE RURAL TERRITORIES SERVICED BY THOSE MEMBERS/BORROWERS. CFC OPERATES IN SUCH MANNER TO OBTAIN FUNDING BASED ON COST AVAILABLE TO IT AND PASSES THE COSTS AND RESULTING SAVINGS ALONG TO ITS BORROWERS.


INTEGRITY FUND -- UTILIZING A RESTRICTED CASH ACCOUNT, CFC MANAGES A VOLUNTARY FUND ESTABLISHED FOR THE PURPOSE OF ASSISTING COOPERATIVES IN DEFENDING THEIR COOPERATIVE TERRITORIES AND PROTECTING COOPERATIVE PRINCIPLES.


EDUCATION FUND -- EACH STATEWIDE ASSOCIATION AND ELIGIBLE REGIONAL ASSOCIATION WILL SUBMIT AN APPLICATION FORM DESCRIBING THE PROGRAM FOR WHICH THE GRANT WILL BE USED. CFC CALCULATES THE AMOUNT ALLOTTED TO EACH APPLICANT DURING THE FISCAL YEAR BASED UPON THE TOTAL NUMBER OF CO-OPS WHICH ARE MEMBERS OF CFC AND OF THE ASSOCIATION, WITH RESPECT TO STATEWIDE ASSOCIATIONS, THE NUMBER OF STATES EACH APPLICANT REPRESENTS, AND THE NUMBER OF CO-OPS THAT ARE 100% CFC BORROWERS. THE SENIOR VICE PRESIDENT OF CFC'S CORPORATE COMMUNICATIONS GROUP APPROVES THE APPLICATIONS MADE BY THE ASSOCIATIONS.


NRUCFC MADE VARIOUS MISCELLANEOUS CHARITABLE DONATIONS OF CASH TO 501(C)3 ORGANIZATIONS OVER THE COURSE OF THE YEAR. THE LARGEST WAS $15,000 TO THE LEUKEMIA AND LYMPHOMA SOCIETY.


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National Rural Utilities Cooperative Finance Corp Board, Officers & Key Employees

Vendor Name (Service)Compensation
Sunera Technologies Inc
It Services
$4,133,176
Kpmg Llp
Audit/tax Services
$1,446,403
Zephyr Technology Services Llc
It Services
$2,376,358
Park Us Lessee Holdings Inc Dba Ny Hi
Meeting Services
$1,566,408
Cassiopae Us Inc
It Services
$2,021,517
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $21,393,160
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$20,026,138
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,380,006,975

National Rural Utilities Cooperative Finance Corp Grants Awarded

Over the last fiscal year, National Rural Utilities Cooperative Finance Corp has awarded $1,461,558 in support to 43 organizations.

Grant RecipientAmount

RIO GRANDE ELECTRIC COOPERATIVE INC

Org PageRecipient Profile

Brackettville, TX

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$228,709

Arlington, VA

PURPOSE: EDUCATIONAL FUND NRECA

$228,157

FLORIDA ELECTRIC COOPERATIVES ASSOCIATION INC

Org PageRecipient Profile

Tallahassee, FL

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$100,000

OKLAHOMA ASSOCIATION OF ELECTRIC COOPERATIVES INCORPORATED

Org PageRecipient Profile

Oklahoma City, OK

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$87,322

THE WALTON ELECTRIC MEMBERSHIP CORPORATION

Org PageRecipient Profile

Monroe, GA

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$60,000

COLEMAN COUNTY ELECTRIC COOPERATIVE INC

Org PageRecipient Profile

Coleman, TX

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$48,208
View Grant Profile

National Rural Utilities Cooperative Finance Corp Grants Recieved

Over the last fiscal year, we have identified 3 grants that National Rural Utilities Cooperative Finance Corp has recieved totaling $31,452.

Awarding OrganizationAmount
First Electric Cooperative Corporation

Jacksonville, AR

PURPOSE: INTEGRITY FUND DONATION FOR COOPERATIVE SUPPORT.

$19,909
Kauai Island Utility Cooperative

Lihue, HI

PURPOSE: COOPERATIVE SYSTEM INTEGRITY FUND

$6,543
Tri-County Electric Cooperative Inc

Hooker, OK

PURPOSE: FUNDING OF INTEGRITY FUND

$5,000
View Grant Recipient Profile

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